Industry:Leisure & Service
Service:Cash Flow Management
Company:A Nightclub Chain
This Nightclub club chain located in the Chicago area was in need of advice regarding the strengthening of its financial and operating systems.
A Focus Professional was engaged by the owners to assess the situation and make recommendations.
- Focus recommended and oversaw the installation and training of a new cash and billing management system in each of the locations that resulted in real time visibility in results and improved security of cash.
- Beverage inventory was analyzed for turn and profitability, and as a result certain lines were rationalized, and shrinkage was reduced by 40%. Focus Professionals worked with management to redesign the marketing strategies for the clubs. These initiatives resulted in a significant improvement in cash flow for the client.